2023-04-04 10:58:44 ET
- Neuronetics ( NASDAQ: STIM ) said it had entered a new credit facility with SLR Capital Partners, which will provide borrowings of up to $60M in three tranches of term loans.
- The maturity date of the facility is March 29, 2028.
- The Company also said it had converted about $5.9M of Greenbrook’s outstanding accounts payable balance to the Company and related transaction expenses into a $6M senior secured promissory note.
- Press Release
For further details see:
Neuronetics secures up to $60M in new debt financing with SLR capital partners